5 Stocks to Buy the Dip Right Now Before New Highs

"But sales are still expected to grow 18% plus this year and next. On $2.9 billion in expected revenue this year, their shares are now trading under a 10 times price to sales valuation for the first time I can remember."

"And here again, sales are expected to grow at a healthy 19% pace through next year with 2025 forecast for 13.1 billion in revenue."

"That networking demand should keep Arista growing at that 19% forecasted rate this year and next with 8.4 billion in revenue expected for fiscal 2025."

"While revenue growth is expected to slow to 16% next year, I think it keeps it closer to that 20% pace forecasted this year on that dominance in data center infrastructure, even on the $63 billion in expected sales this year."

"with forecast here for CrowdStrike to grow at a 21% pace this year and next."

"It's all like a trifecta for gold and we're likely to keep seeing that price rise."

"Now, I expect the DOJ probe to be wrapped up soon with no smoking gun against the company... My $70 plus price target for the shares is supported by the company's advantage in that AI server space..."

"but announced news last week that should keep growth booming to reaching new highs eventually."

"Revenue is expected to continue at that 20% pace this year and next to $3.8 billion next year."

"And while I don't think the overall selling is quite finished, I'm starting to buy the dip in the most promising tech stocks because when that rebound happens, it's going to be fast and these stocks will make new highs."

"Now, this selloff likely has a couple of months and a few more percent to go, but there are none of the hallmarks of a bare market."

"I've detailed how networking equipment is likely to be the next big constraint, the big bottleneck in AI that sends prices higher."

"Combine all this with a plunge in consumer confidence this month to its lowest point in 3 years and we're likely to start seeing some of that scary economic data come out on spending. Not only does it mean stocks in the consumer goods sectors have more room to fall, but the entire market is likely not done falling."

"But recent data on consumer spending has me wondering if we won't be disappointed again. The high-income consumer, about the only consumer to continue spending, has shown signs of a pullback, and that's going to affect data over the next few months."

"Data from the CPI and the PPI reports last week shows that that pace of inflation is coming down only marginally and it's going to be late summer before we see the true effects of those tariffs coming through on prices. That's going to tie the hands of the Fed in that wait and see approach and it's going to limit any rate cuts unless the economy really falls apart."

"The effect of government layoffs and reduced spending and more importantly the secondary effects of layoffs from companies that relied on that government spending is yet to show up in the data. Now that's going to start showing through the next month and over the following months. We'll see the full picture on tariff implementation through April and May and likely the inflation consequences later in the summer. So unless we see some strong sim stimulus in other parts of the economy, stocks are not going to rebound higher and may trade sideways at best."

"which even if we have to wait for a lower bottom, should mean that stocks still rally to close the end of the year higher."